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on your debt. well we have 2 1/2 trillion dollars coming into the treasury every year in tax revenue. we can use that tax revenue to pay the interest on our debt. therefore, we will not default. all this talk about being a deadbeat nation, that belies the fact that we have never, and will never default on our obligations. the obligation being to pay the interest on the debt. we're not a deadbeat nation and we're not going to default, period. yes. period. martha: comes down to the big question whether or not you will cut spending in order to not default on your debt. and that brings us to a larger question or one of the larger questions, which is whether or not we will be downgraded if we don't become more responsible with our spending? >> interesting you should raise that issue, martha, because 45 minutes ago, fitch, the ratings agency said, if we have another delay in raising this debt ceilingsing, if we have this political standoff again just like we had in 2011, fitch says we may be downgraded. his name is david reilly. he is managing director at fitch and he said if it is just like 2
about now closing more loopholes and that means higher taxes. we don't know on who, but he would not specify any specific spending reductions and refusing to negotiate with the house republicans on the issue of the debt ceiling. lou, an interesting couple of months. looking forward to it. >> megyn: all right. thank you, sir. >> thanks, megyn. >> megyn: with the president refuse to go negotiate on that debt ceiling, it's coming and we're going to hit it and there's going to be a real question what we will do. he negotiated the last time and suddenly says he doesn't want to negotiate anymore and the republicans have drawn a line in the sand when it comes to these spending cuts, saying, if we don't see a dollar for dollar spending cut in the amount you want to raise the debt ceiling, there's no deal. what kind of progress can we hope for here? our political panel debates that coming up in our next hour. now to another big debate playing out in washington over the obama administration's efforts to overhaul the nation's gun laws. we heard some of that this morning. here is the preside
stating very clearly today that he will not negotiate deficit reduction, tax increases and spending cuts attached to the debt ceiling. this of course does follow that bruising battle the year before last, where he did negotiate on the issue, and the u.s. nearly went to the brink of default. he said that congress has to pay the bills that it's already racked up. >> you don't go out to dinner and then, you know, eat all you want and then leave without paying the check. and if you do, you're breaking the law. and congress should think about it the same way that the american people do. you don't -- now, if congress want, to have a debate about maybe we shouldn't go out to dinner next time, maybe we should go to a more modest restaurant, that's fine. that's the debate that we should have. >> reporter: in this press conference that was called last minute in the east room, president obama said he will negotiate a deal on deficit reduction but not, as he put it, quote, with a gun to the head of the american people. as you know, joe, republicans are saying they're not going to increase the debt c
more without asking the rich to pay more so we have to raise taxes. so we raise taxes, we got pretty much exactly what obama asked for with a big tax hike and obama's response is, now we need a balanced approach where we raise more taxes. >> megyn: jonah goldberg, thank you. >> thank you. >> megyn: up next, a popular internet activist was faced with a possible 35 years in jail for hacking before took his own life. music: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ it's so important to make meone happy.♪ ♪make just one someone happy ♪and you will be happy too. >> fox news alert. we told you at the top of the hour how ejust got word from the white house briefing that the the president will deliver his plan for the gun crackdown, however you want to phrase it, the executive orders that he is prepared to issue on guns in addition to the legislative push that we expect him to make around this time tomorrow. well, moments ago we just learned that the president will be joined by children from around the country who wrote letters to
tax'd dropping from 50% to 45%. it would defer bonuses from 2009 through 2011. >>> apple is slashing component orders for the iphone 5. that's according to "the wall street journal." weaker demand and increasing competition from samsung are blamed. the iphone 5 was released in september. >>> i am still a republican. colin powell declaring his support for his political party but not before warning that some ideas held by his fellow republicans could be hurting the party's future. >> there's also a dark vein of intolerance in some parts of the party. what do i mean by that? what i mean by that is they still sort of look down on minorities. how can i evidence that? when i see a former governor say that the president is shucking and jiving. that's a racial era slave term. >> powell is most likely talking about former alaska governor sarah palin who blasted president obama for his handling of the benghazi consulate attack on facebook writing in part, "why the lies? why the cover up? why the dissembling about the cause of the murder of our ambassador? on the anniversary of the worst terror
if we raise taxes on rich to talk about gun control. does it always have to be a dog-and-pony show? he used kids for the stimulus. now he is using kids again. it's just always a gimmick. never about the real policies. p.r. and how it looks. i will say this, i work for a republican memberbe. who had press conbe france using children once. the flak we took for it was incredible. >> dana: not worth it. >> andrea: there are not a lot of republicans that would do it since it happened. they remember it well. but there are two set of rules, bob. one for the democrats and one for republicans. >> dana: it's like saying well, we care for children and you don't. >> bob: obama is the first person to use people as backdrop for the press? give me a break. you could be bipartisan if the republicans come forward for gun control. >> eric: again you want to get to gun control discussion. stay on this for a few more minutes. really, using kids. >> bob: really, using kids. >> eric: using kids who are family, surrounding the victims of the newtown, connecticut. using tragedy for change. >> bob: do you know
share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and
. listen. >> asking barack obama not to be a big-spending, high-taxing liberal is a denial of everything that we've learned about him in his career. it's much better for the house republicans to say, this is what we're prepared to do. there are dozens of places you can dramatically change spending without having to get involved in a general crisis over the u.s. debt. >> does he have a point? do you think this is a message from the former speaker that's worth heeding? >> well, we definitely want to work with president obama, and we're at the beginning of the 113th congress. i would also say that this is our moment, though. the american people know that our economy is struggling right now, partly because of the debt that is impacting american families, hard-working taxpayers all across this country. when president obama was in the senate, when he was a u.s. senator, he voted against raising the debt ceiling. and he said it was a lack of leadership that had brought us to this point. and so i would, at the beginning of this congress, hope that the president would make this a new start, where
taxes, pay their flood insurance, pay their home owners insurance and are now paying rent on top of everything else. they have the money, i'm sure each and every one of them got their christmas bonuses we're sitting here, sitting here trying to do everything ourselves. >> alisyn: they have been waiting a long time and obviously very angry. the house of representatives are set to vote on the 51 billion dollar release bill on tuesday. this is good news on the condition of former president george h.w. bush. last night a spokesman for the 41st president said he could be released from a houston hospital this week, and president bush's son jeb is more optimistic and he says he thinks his father will go home tomorrow. the 88-year-old was admitted for a bronchitis related cough. >> mike: what a night if you're a football fan. if you watched the broncos-ravens game. >> tucker: no. >> mike: it's an instant classic, we'll see it over and over again on espn. under a minute to go, ravens q.b. flacco hits the hail mary kind of pass and i don't know how he got behind the defense, in overtime pe
at their school? mr. obama demands the wealthy pay their fair share of taxes but he's an elitist hip prypocr. protection for their kids and gun-free zones for ours. >> that's the ad. it's getting a lot of mileage out there on social media but a lot of people -- why bring the daughters, sasha and malia into this? >> it's not them specifically. >> you mention them specifically. >> we don't mention them specifically. we mention his kids and other kids. they are attending schools that have private security guards. we're not talking about the secret service. david gregory's kids go there, too. send their kids to schools where they have protection and then poo-poo the idea that the average american's children should have the same sort of protection. >> the white house press secretary jay carney, among other people, were very disappointed. they say, most americans agree that a president's children should not be used as pawns in a political fight but to go so far as to make the safety of the president's children the subject of an attacked a is pungent. >> they know the point. the elitist kids safety
Search Results 0 to 9 of about 10